Press Release
Biola joins as a General Partner and will co-lead further expansion across Africa
Cairo, Lagos – Acasia Ventures, a micro venture capital fund that invests in early-stage startups in the Middle East and Africa, is delighted to announce Biola Alabi joining as a Venture Partner. Biola will join the team effective immediately and take the lead on origination, investments, portfolio management and investor relations.
Biola Alabi is an active angel investor and advisor to African technology and media companies, Biola has been involved in myriad start-ups and Venture Capital Funds in Africa as an investor, advisor and board member. True to her reputation as a leader in the community, and fuelled by her passion to support up-and-coming talent, Biola is also the founder of Grooming for Greatness (G4G), a fellowship and mentorship program aimed at cultivating leadership skills in young, aspiring professionals and entrepreneurs.
“As the saying goes, ‘if you want to go fast, go alone, if you want to go far, go together,’ after my meeting with Aly in Lagos, I kept thinking of different ways that we could work together and collaborate so when the opportunity came up to join the fund it was a no-brainer for me. I am excited to lead the expansion and bring these regional ecosystems together”, stated Biola Alabi, General Partner at Acasia Ventures.
“It was clear from the moment I met Biola that we shared the same core values and approach to investing and supporting founders to build great startups right here on the continent. I am confident that as a mission driven local investors who have deep knowledge of our markets, we can offer something different to the investment ecosystem”, said Aly El Shalakany, Manging Partner of Acasia Ventures.
